Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1618-1620 Rte, Unit 417 Olean, NY 14760

    Pending
    For Sale
    $225,000

    COMMERCIAL - Olean, NY

    Property size:
    3,000 SF
    Lot size:
    0.99 Acres
    Days on Market:
    94
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 1618-1620 Rte

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    RES 1
    Rooms
    Basement
    APN
    046600-094-076-0001-057-000-0000
    Parking
    40
    Size
    3,000 SF
    Lot size
    0.99 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Roof type
    Asphalt

    Howard Hanna Holt Real Estate (716) 269-4208 [email protected]

    Listing agent Regis Handley (716) 372-1155 License #10301215129

    Listing date Sep 3, 2025

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property: Live/Work Potential

    This mixed-use property offers both a residential home and a commercial building on a single parcel. The ranch-style house includes 2 bedrooms, 1 full bathroom, a spacious kitchen, and a living room. A back deck, 2-car garage, and a fully fenced backyard enhance the residential space. The commercial building currently operates as an automotive shop, featuring a retail storefront and 7 service bays. A large fenced-in lot behind the building provides space for storage, overflow parking, or future expansion. Situated in Olean, NY, the property is zoned RES 1 and occupies 0.991 acres. The property offers potential for investors, business owners seeking live/work flexibility, or those looking to start a new venture. The property size is approximately 3000 square feet.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Olean
    County
    Cattaraugus
    State
    New York
    Longitude
    -78.393613
    Latitude
    42.070959

    Nearby Similar for Sale

    • $124,900
      3,576 SF

      Spacious Two-Family Home in Olean

      Well-maintained two-family home with finished attic and detached garage.
      411 Irving St, Olean, NY 14760
      View Details
    • $499,900
      15,320 SF

      Olean Commercial Property For Sale

      15,000+ sq ft commercial building on 0.57 acres in Olean.
      417 W State St, Olean, NY 14760
      View Details
    • $219,000
      Pending

      Upscale Triplex in Olean, NY

      Well-maintained triplex with off-street parking in a desirable neighborhood.
      315 Laurens St, Olean, NY 14760
      View Details
    • $1,399,500
      2,696 SF

      Olean Commercial Property For Sale

      Commercial property in Olean, NY, ideal for various businesses.
      3004 Nys Route 417, Olean, NY 14760
      View Details
    • $95,000
      2,304 SF

      Versatile Duplex in Olean, NY

      Well-maintained duplex with strong rental potential in a convenient location.
      316 W Henley St, Olean, NY 14760
      View Details
    • $59,900
      2,424 SF

      Olean Investment Opportunity

      Two-unit home with rental income potential in Olean, NY.
      326 Laurel Ave, Olean, NY 14760
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial space on one parcel.
    Where is this mixed-use property located?
    The property is located at 1618-1620 Rte, Unit 417 Olean, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Mixed-use property: residential home and commercial building on one parcel.; - Established commercial building with retail storefront and **7 service bays**.; - Residential ranch-style home with **2 bedrooms, 1 bathroom**, and a back deck.
    (716) 372-1155
    Request Owner's contact information
    1618-1620 Rte, Unit 417 Olean, NY 14760
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1618-1620 Rte, Unit 417
    Olean, NY 14760
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1618-1620 Rte, Unit 417 Olean, NY 14760
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.